According to the forecast published last night (click here for the full report), our intraday/aggressive models went long (bought) the index futures overnight (our index models went long on the market open at 2727.13).
As indicated in the intraday alert published this morning around 10:15am EDT (click here for the full alert), indications were for a strong resistance into the 2740-45 area on the index. The index indeed climbed right into the middle of that range, to 2743.26 within one hour of the alert!!
UPDATED TRADING LEVELS
As per the morning alert, our models put in a take-profit sell order at 2740, which was filled within one hour. The models are currently flat (no positions). That is about 20 points profit (for those who got in on the break above 2720 in the overnight futures market) or 12+ points on the SPY ETF in one single session. That 20 points on the e-mini futures contracts is equivalent to $1,000 on one single e-mini futures contract, or $5,000 on one single full S&P 500 contract!
Indications are for going long (buy) on a break above 2755 and going short (sell) on a break below 2720 on the index. Flat (no positions) until either of these levels is broken.
It was another very profitable week with some precise calls for our models. And, we hope that they served as valuable inputs to your own investing/trading decisions.
Happy Investing/Trading!